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Showing posts from May, 2018

Effective Accounting Practices for SMEs

The key factor to determine the growth and success of a business is based on the financial ground. Be it about meeting payment deadlines, keeping a track of invoicing or regulating the debt collection process, managing the cash flow, financial management has been an important need for a money-making business. While the purpose of doing financial management can vary depending on your business type, size and need, the way it is done remain the same. Here’s a quick overview that will help you make the most out of your business finances: Feasible Financial Targets                                                    Know your potential before you choose your goals. Don’t hurry to set financial goals for the company without considering your current performance, the pace of growth, available resources, technology and time. If the goals are feasible, it’s easier to keep frustration and pressure off the table and ensure a steady growth. It’s better for your business to be known for sm

Risk of Using Free Accounting Software

People are excited to get free accounting software available on the internet. It helps to save some money but it is not that much secure. Some of this free accounting software comes with some attractive features and functions that encourage you to download them. You may even be led to trust that they are as good as the paid ones. But before you conclude that free accounting software fulfills your business needs, you should know what are the drawbacks and dangers in it.   Are They Actually Free?  Most people surf the internet for free accounting software and download the most excellent one among them. But they get to know after installing the software, it asks to pay for the full version. Else they limit the period of usage and then it’ll stop responding. Are They Secure? Many software developers use this software as a spyware. They inject the spyware in the spine of the software. This spyware will transfer all your personal information to some unknown address. However,

Features of Billing and Invoicing Software

Billing and Invoice processing and payment are always required a mostly manual operation that often involving shuffling paper and writing checks which is very time to consume for most organizations. The most excellent billing & invoicing software generally hold the following features: Create and Send Invoice Create an invoice with information includes customer name, discounts, sales tax, currency preference, deposits, payment terms, invoice due date, grand total and others.  The invoice can then is printed or email to customer directly from billing and invoicing system. Recurring Invoices Recurring invoices can be computerized to send to long-standing clients through the system on a schedule. Customize Bill Design Bill design can be modified according to company preferences by offering support for customized logos and other design improvements to bill design. Multi-Currency Choose your preferred currency with every customer in your invoices. Automatic Tax

How to start a Business in Singapore

To start a business in Singapore , first of all, require getting the right visa, the EntrePass. With the EntrePass you are allowed to be dynamically involved in managing the company’s functions. The registration of your business in Singapore is not very complex and generally doesn’t take too much time. But be conscious that there will be a registration cost as well as a cost for your company name. Various different taxes apply to company owners. It is advisable to get professional help from an accountant, especially in the beginning. This guide will give you some idea of how to begin when starting your business in Singapore . APPLYING FOR YOUR ENTRY PASS Earlier than starting a business in Singapore, you have to secure the exact type of visa, an EntrePass. To be eligible to receive an EntrePass, you must fulfill certain requirements: You must be structured and registered as a Private Limited Company. You cannot own more than 30% of the company’s shares. Your organiza